Showing posts with label Ooma. Show all posts
Showing posts with label Ooma. Show all posts

Friday, January 5, 2018

Ooma acquires Butterfleye for home security video system

Sunnyvale, California based Ooma, which offers a VoIP service for consumers and small businesses, has acquired Butterfleye, a start-up offering an AI-powered video camera and security platform. Financial terms were not disclosed.

Butterfleye raised $1 million in an Indiegogo campaign in 2016 to launch its security camera. The wire-free Butterfleye camera is designed to detect people, pets, and various sounds. The design features advanced battery technology, 16 gigabytes of internal storage and on-board image processing.

"Butterfleye offers a fantastic intelligent security camera system and we’re excited to add its capabilities to the Ooma Home security service," said Eric Stang, CEO of Ooma. "Our strategy is to build upon Ooma’s smart communications platform to provide advanced connected home solutions and this acquisition is an important step in that direction."

Tuesday, December 1, 2015

Ooma 's Revenue Rises 28% YoY

Ooma, which provides Internet-based telephony services based on a proprietary CPE device and cloud platform, reported Q3 revenue of $23.5 million, up 28% year-over-year. Subscription and services revenue increased 36% to $19.5 million, and was 83% of total revenue. Product and other revenue increased 1% to $4.0 million, and was 17% of total revenue. There was a GAAP net loss of $3.5 million, or $0.21 per basic and diluted share, compared to GAAP net loss of $1.7 million, or $0.72 per basic and diluted share, in the third quarter of fiscal 2015.

"I am pleased with our solid third quarter results, which demonstrate the strength and quality of our unique hybrid SaaS platform," said Eric Stang, chief executive officer of Ooma. "Looking forward, we anticipate continued strong customer adoption of both our Office and Residential communications services, the main drivers of our business. In addition, we will continue to invest in new innovative services for small business, home and mobile customers to capitalize further on the significant potential of the Ooma platform."

http://www.ooma.com

Friday, July 17, 2015

Ooma Declines in IPO

Ooma, which offers Internet-based telephony services based on a proprietary CPE device and cloud platform, completed its initial public offering of 5,000,000 shares of its common stock at a price to the public of $13.00 per share.

On the first day of trading, shares in NYSE: OOMA opened for trading at $12.10 and then closed the day at $10.95, down 15.77% for the day.

http://www.ooma.com

Monday, July 6, 2015

Ooma Readies for IPO with its Consumer & SMB Communications Platform

Ooma, a start-up that provides Internet-based telephony services based on a proprietary CPE device and cloud platform, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of its common stock.

Ooma has applied to list its common stock on the New York Stock Exchange under the ticker symbol OOMA. The company plans to offer 5 million shares at an expected price range of $16 to $18 per share.

In its SEC filing, Ooma, is based in Palo Alto, California, said it has 678,000 core users as of April 30, 2015, up from approximately 174,000 on January 31, 2011 and representing a compound annual growth rate of approximately 38%. The company reports total revenue of $39.2 million, $53.7 million and $72.2 million in fiscal 2013, fiscal 2014 and fiscal 2015, respectively. Its total revenue for the three months ended April 30, 2014 and 2015 was $16.3 million and $19.9 million, respectively. Subscription and services revenue, which includes the recurring portion of our total revenue, has increased as a percentage of total revenue over the last four years, from approximately 30% in fiscal 2011 to 75% in fiscal 2015. It has also increased as a percentage of our total revenue from 67% for the three months ended April 30, 2014 to 78% for the three months ended April 30, 2015.

As for competitive differentiation, Ooma says its unique hybrid SaaS connectivity platform is scalable and extensible to new services. The company says this platform will enable it to add new connected services and exploit adjacent markets, all without significant additional capital investment or high customer acquisition costs. http://www.ooma.com/

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